Effects Of Macroeconomics Factors Profitability Of Azerbaijan Banks; 2008 Financial Crisis Period And After Period Application On Azerbaijan Bannking Sector
Makroekonomik Faktörlerin Bankaların Karlılığına Etkileri; 2008 Yılı Finansal Kriz Ve Sonraki Dönem Azerbaycan Bankacılık Sektörü Üzerine Bir Uygulama

Author : Mehmet Altan MASUN -& Ferid YUSUBOV
Number of pages : 23-39

Abstract

After indepedence, crisis took place economy of Azerbaijan between 1991-94 years. Between 1995-2003 years accepted Constitution Law and country pasaed the period of stability. From 2003 year economy of Azerbaijan has begun to develop. 2008 Global Financial Crisis didn't impact very high level to Azerbaijan, but some measures were taken. Regarding the decline in oil prices since 2004, the recession took place in the Azerbaijani economy and 2015 years took place 2 devalvation (21 February and 21 December). The current situation has changed from systemic crisis to banking crisis. In this study, 2008 Flobal Financial Crisis and after period was investigated impacts of macroeconomics indicators to Azerbaijan Banking sector. 2008-2016 years were covered in this research. This study was used datas from The Central Bank of Azerbaijan, The Financial Markets Supervision Authority, The State Statistical Committee of the Republic of Azerbaijan. The research was used data panel analaysis in the E-views program. The independent variables of the analysis were GDP, inflation rate, Dollar/AZN (Azerbaijani Manat-currency) rate, oil price. Depend variables were financial statements of Banking sector of Azerbaijan, what was disclosed by CBAR, FIMSA.

Keywords

Economy of Azerbaijan, 2008 Financial Crisis, Azerbaijan Banking Sector, Profitability of Banks

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